10 Jun 2015 10:39
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Don't have an account? Click here to register.1PM prepares market for positive interim results
Fri, 18th Dec 2015 16:19
(ShareCast News) - A newly-expanded 1PM greased the market on Friday, to prepare it for positive interim results come January.The AIM-listed specialist finance provider updated the market ahead of the publication of its interim results for the six months to 30 November, which were due to be released on 25 January 2016.1PM said the results were expected to show further growth in revenue and profits compared with the corresponding period last year, and were ahead of management expectations.The results will include a first contribution from newly acquired subsidiary Academy Leasing, which provided equipment finance and brokerage services to the market, the update said.During the six months, the group originated £9.7m of new lease and hire purchase contracts, and £6.1m of business loans. This represented a six-fold increase over the corresponding period last year according to 1PM.The group's total combined asset finance and business loan portfolio stood at £57m on 30 November."1PM's results for the first six months of the current financial year continue the trend of profitable growth delivered over recent years and, although only htree months since its acquisition, the equally strong results of Academy clearly justify the decision to expand the group", said 1PM chairman Ian Smith."Investment in resources at 1PM earlier in 2015 together with the Academy acquisition completed in August mark the first successful steps towards achieving our strategic aims. The voard is committed to delivering sustainable growth and building value for its shareholders, and we look forward to the second half of the financial year with optimism and confidence", he added.At 15:51 GMT, shares in 1PM were up 7.92% to 70.15p.
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20 Jan 2015 08:27
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Monday broker round-up UPDATE
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Friday broker round-up UPDATE
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1pm to deliver results ahead of expectations
AIM-listed 1pm, a specialist financial provider to the small and medium enterprise (SME) sector, has said its results for the year ended May 31st will come in slightly ahead of market expectations. The year, which marks 1pm's fourth consecutive year of organic growth, saw continued strong demand f
Read more12 Jun 2014 11:19
1PM Rises As It Says Results Will Beat Market Expectations
LONDON (Alliance News) - 1PM PLC, the provider of finance for the small business sector, Thursday said it expects to report results for its last financial year that are slightly above current market expectations. In a statement, the company said it had enjoyed a fourth consecutive year of o
Read more4 Jun 2014 09:55
1PM Gets GBP4 Million In Invoice Lending Funds For Small Businesses
LONDON (Alliance News) - 1PM PLC Wednesday said it has negotiated a total of GBP4 million of additional block discounting facilities, which it said it will use solely to write new business. Block discounting is a form of lending to companies secured against customer invoices. In a sta
Read more9 Apr 2014 11:34
UK MIDDAY BRIEFING: Evraz Jumps Despite Wider Loss
LONDON (Alliance News) - Evraz, the Russian steel maker part owned by Roman Abramovich, has seen its shares jump Wednesday, despite reporting a wider net loss for 2013 as cost cutting failed to offset a drop in revenues caused by lower steel prices.
Evraz reported a